The first digital currency ever known to the world is BITCOIN. It could be the future of ecommerce as it is paving a way for virtual money. Just like the conventional currencies- dollars, yen and Euros, it can be traded, exchanged and holds a value in the market. The fact it is inflation immune has bestowed Bitcoins with worldwide popularity in a short span of time. Without any intermediary like bank or paypal, Bitcoins can be transferred online at a faster rate, with no requirement of personal details that are otherwise required.